Bitcoin trades near $88K as November heads for worst monthly decline since 2022
Bitcoin traded at $87,986 on Monday after recovering from Friday's intraday low of $80,553. The token has fallen more than 10% in November, marking its steepest monthly decline since November 2022 when the FTX exchange collapsed. Markets are pricing in a nearly 70% probability of a 25-basis-point Federal Reserve rate cut on December 10, up from 44% a week earlier, according to the CME FedWatch Tool.